Household Expenses Breakdown Thread - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




Household Expenses Breakdown Thread

Reply
 
Thread Tools
  #1 (permalink)  
Old 18-10-2015, 01:21 AM
Verified Member
 
Join Date: Feb 2011
Posts: 15
mugster is on a distinguished road
Default Household Expenses Breakdown Thread

I just did my household expense spreadsheet and was pretty shocked at the numbers.
I am thinking a thread for posting family expenses may be helpful for the community. (To give reference, for others to help advise etc.)

Anyway to start things off, here's mine:

Code:
$3000 Parents / Family	(covers parents, grandparents, siblings, extended family. monthly allowances, red packets, festive gifts, occasions, meal treats etc.)
$1500 Domestic Helpers x2 (salary, levy, medical, insurance, misc)
$3000 Kids x3 (School, Tuition, Enrichment, Food, Toys, Consumables)
$3000 Car & Transport (Car Depre, tax, insurance, maintenance, petrol, parking, erp, taxis)
$1000 Health & Beauty (Medical, Grooming, Fitness)
$1500 House Maintenance (Furnishing, Fittings, Utilities $500, Condo Maintenance, Aircon servicing, Reno Depre, Prop Tax & Insurance)
$1500 Groceries and Sundries (Marketing for home cooking, Household maintenance products)
$2000 Travel / Entertainment / Shopping (Holidays, kids activities, friend outings,online shopping, retail shopping, gadgets, hobbies,  friends gifts)
$1500 Dining & Drinks (Daily & work meals, food court, restaurants, meal & drinks outings w friends & family)
$0300 Term Insurance	

Total Monthly Expense Burnt = $18,300

----
$2000 Property Loan
$1500 Life / Investment-linked Insurance
$3700 CPF
$0000 Regular Savings/Investment Plan

Total Monthly Forced "Investments" = $7,200

Total monthly = $25,500
To give context, my household monthly income is around $32,000 (after deducting off income tax). Both myself and wife are working, we have 3 kids. One is an infant and our parents cannot help to take care of kids, that's why need 2 helpers.

I put CPF, property loan repayment and life insurance separately as I think those are not real "expenses" but rather more like forced savings/investments. They are included because they are still important for cashflow considerations.

Yes I know I'm in a fortunate position. Just that I think my family spending is not extravagant at all, yet still seem need so much income to cover outgoing cashflow.

Anything I left out or any items seems out of whack?


Last edited by mugster; 18-10-2015 at 01:25 AM.
Reply With Quote
  #2 (permalink)  
Old 18-10-2015, 05:24 AM
Unregistered
Guest
 
Posts: n/a
Default

And the point you are trying to make is ? Your household expenses is not high at 20+K/mth?
And your family income is high at 32K/mth?
That's all that sticks out.

Find it strange that such a high income person will come to such forums to post such **** and seek opinions. hahaha...maybe you indeed are as I know such high income follks, but they spend more time trying to figure out the business/work that posting rubbish showing off / asking for views...

Reply With Quote
  #3 (permalink)  
Old 18-10-2015, 10:51 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
And the point you are trying to make is ? Your household expenses is not high at 20+K/mth?
And your family income is high at 32K/mth?
That's all that sticks out.

Find it strange that such a high income person will come to such forums to post such **** and seek opinions. hahaha...maybe you indeed are as I know such high income follks, but they spend more time trying to figure out the business/work that posting rubbish showing off / asking for views...
Probably another BS post. This "mugster" started off randomly posting many 1 liner replies that are of no value. After 2 weeks he ended off boasting about his trophy wife and millionaire assets in 2011. Then silence for 4 years and 2015 come back with another thread boasting of his 32k monthly salary and 25k expenses.

Reply With Quote
  #4 (permalink)  
Old 18-10-2015, 06:30 PM
Unregistered
Guest
 
Posts: n/a
Default

With a HH income of $32k pm, I find it strange that you would miss out the income tax which should constitute a big chunk of your expense.

What age group are you in?

By the way, is your $32k pm income based on total annual income divided by 12? Meaning is your annual income $384k? If so, you should have stated it this way upfront, it would have put things in perspective.

If it is really monthly income, then with bonuses, your total income could hit $400k -$500k pa



Quote:
Originally Posted by mugster View Post
I just did my household expense spreadsheet and was pretty shocked at the numbers.
I am thinking a thread for posting family expenses may be helpful for the community. (To give reference, for others to help advise etc.)

Anyway to start things off, here's mine:

Code:
$3000 Parents / Family	(covers parents, grandparents, siblings, extended family. monthly allowances, red packets, festive gifts, occasions, meal treats etc.)
$1500 Domestic Helpers x2 (salary, levy, medical, insurance, misc)
$3000 Kids x3 (School, Tuition, Enrichment, Food, Toys, Consumables)
$3000 Car & Transport (Car Depre, tax, insurance, maintenance, petrol, parking, erp, taxis)
$1000 Health & Beauty (Medical, Grooming, Fitness)
$1500 House Maintenance (Furnishing, Fittings, Utilities $500, Condo Maintenance, Aircon servicing, Reno Depre, Prop Tax & Insurance)
$1500 Groceries and Sundries (Marketing for home cooking, Household maintenance products)
$2000 Travel / Entertainment / Shopping (Holidays, kids activities, friend outings,online shopping, retail shopping, gadgets, hobbies,  friends gifts)
$1500 Dining & Drinks (Daily & work meals, food court, restaurants, meal & drinks outings w friends & family)
$0300 Term Insurance	

Total Monthly Expense Burnt = $18,300

----
$2000 Property Loan
$1500 Life / Investment-linked Insurance
$3700 CPF
$0000 Regular Savings/Investment Plan

Total Monthly Forced "Investments" = $7,200

Total monthly = $25,500
To give context, my household monthly income is around $32,000 (after deducting off income tax). Both myself and wife are working, we have 3 kids. One is an infant and our parents cannot help to take care of kids, that's why need 2 helpers.

I put CPF, property loan repayment and life insurance separately as I think those are not real "expenses" but rather more like forced savings/investments. They are included because they are still important for cashflow considerations.

Yes I know I'm in a fortunate position. Just that I think my family spending is not extravagant at all, yet still seem need so much income to cover outgoing cashflow.

Anything I left out or any items seems out of whack?
Reply With Quote
  #5 (permalink)  
Old 18-10-2015, 07:30 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by mugster View Post
I just did my household expense spreadsheet and was pretty shocked at the numbers.
I am thinking a thread for posting family expenses may be helpful for the community. (To give reference, for others to help advise etc.)

Anyway to start things off, here's mine:

Code:
$3000 Parents / Family	(covers parents, grandparents, siblings, extended family. monthly allowances, red packets, festive gifts, occasions, meal treats etc.)
$1500 Domestic Helpers x2 (salary, levy, medical, insurance, misc)
$3000 Kids x3 (School, Tuition, Enrichment, Food, Toys, Consumables)
$3000 Car & Transport (Car Depre, tax, insurance, maintenance, petrol, parking, erp, taxis)
$1000 Health & Beauty (Medical, Grooming, Fitness)
$1500 House Maintenance (Furnishing, Fittings, Utilities $500, Condo Maintenance, Aircon servicing, Reno Depre, Prop Tax & Insurance)
$1500 Groceries and Sundries (Marketing for home cooking, Household maintenance products)
$2000 Travel / Entertainment / Shopping (Holidays, kids activities, friend outings,online shopping, retail shopping, gadgets, hobbies,  friends gifts)
$1500 Dining & Drinks (Daily & work meals, food court, restaurants, meal & drinks outings w friends & family)
$0300 Term Insurance	

Total Monthly Expense Burnt = $18,300

----
$2000 Property Loan
$1500 Life / Investment-linked Insurance
$3700 CPF
$0000 Regular Savings/Investment Plan

Total Monthly Forced "Investments" = $7,200

Total monthly = $25,500
To give context, my household monthly income is around $32,000 (after deducting off income tax). Both myself and wife are working, we have 3 kids. One is an infant and our parents cannot help to take care of kids, that's why need 2 helpers.

I put CPF, property loan repayment and life insurance separately as I think those are not real "expenses" but rather more like forced savings/investments. They are included because they are still important for cashflow considerations.

Yes I know I'm in a fortunate position. Just that I think my family spending is not extravagant at all, yet still seem need so much income to cover outgoing cashflow.

Anything I left out or any items seems out of whack?
House hold income = $5000
CFP deductions : take home is around $3900

Parents: $1000
Food: $1000
Transport: $300
Entertainment (TV/Internet) : $140
PUB & SC: $160
Insurance: $600
Reply With Quote
  #6 (permalink)  
Old 19-10-2015, 09:56 AM
Local Singaporean
Guest
 
Posts: n/a
Default

Since this is a forum for sharing, please find the below breakdown for my family.

Household income per month (exclude bonus) is 15k
Both of us are in early 30s

Forced saving (for our joint saving account) : 4000
Parent allowances: 1500
Car and misc (car is fully paid) 500
Food: 1500-2000 (depending if there are any birthday etc)
Travel 500 (usually travel twice a year, so it's about this range per month)
Bills 1000 (phone, utilities, insurance etc)
Transportation 300-500 (sometimes taxi)
Entertainment 500-1000 (again depending on events)

The rest are generally saved as we don't have much expensive hobby etc..
(Trying to achieved financial freedom as fast as possible)

Our mentality is to save much and try to clear our existing HDB loan as fast as possible.

3/4 there already!


Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


Bursa Stocks Android App - check share prices
Bursa Stocks [Android] App - check latest share prices on the go


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote

  #7 (permalink)  
Old 19-10-2015, 10:06 AM
Unregistered
Guest
 
Posts: n/a
Default

Are you planning to sell your hdb flat and upgrade to a condo?

Quote:
Originally Posted by Local Singaporean View Post
Since this is a forum for sharing, please find the below breakdown for my family.

Household income per month (exclude bonus) is 15k
Both of us are in early 30s

Forced saving (for our joint saving account) : 4000
Parent allowances: 1500
Car and misc (car is fully paid) 500
Food: 1500-2000 (depending if there are any birthday etc)
Travel 500 (usually travel twice a year, so it's about this range per month)
Bills 1000 (phone, utilities, insurance etc)
Transportation 300-500 (sometimes taxi)
Entertainment 500-1000 (again depending on events)

The rest are generally saved as we don't have much expensive hobby etc..
(Trying to achieved financial freedom as fast as possible)

Our mentality is to save much and try to clear our existing HDB loan as fast as possible.

3/4 there already!
Reply With Quote
  #8 (permalink)  
Old 20-10-2015, 03:00 PM
SG Guy
Guest
 
Posts: n/a
Default

I want to say for Cars in Singapore, it is probably more accurate to include the car depreciation in the monthly expenses. A normal car here already depreciates at about $12K per year or $1K a month, and that is assuming you use the car till the end of life. If you are the type that change your car every few years, the depreciation is probably higher.

Then add in petrol, insurance, road tax, parking, ERP, servicing, grooming, repairs etc. The real number rises quickly to $2K or even more if you have a conti/luxury car.

Cars damn expensive in Singapore man
Reply With Quote
  #9 (permalink)  
Old 20-10-2015, 04:08 PM
Unregistered
Guest
 
Posts: n/a
Default

Yes. You should just take the MRT. Buy a condo next to an MRT station. If you live in the West, buy condos such as The Centris, The Lakeshore, The Lakefront Residences, J Gateway or Caspian. These condos are near MRT stations. Better use your $2k pm to pay for a mortgage for these condos than to use it to pay for a car. If you take the bus and MRT, your monthly transport expenses will be $300 pm the most.


Quote:
Originally Posted by SG Guy View Post
I want to say for Cars in Singapore, it is probably more accurate to include the car depreciation in the monthly expenses. A normal car here already depreciates at about $12K per year or $1K a month, and that is assuming you use the car till the end of life. If you are the type that change your car every few years, the depreciation is probably higher.

Then add in petrol, insurance, road tax, parking, ERP, servicing, grooming, repairs etc. The real number rises quickly to $2K or even more if you have a conti/luxury car.

Cars damn expensive in Singapore man
Reply With Quote
  #10 (permalink)  
Old 20-10-2015, 06:05 PM
Unregistered
Guest
 
Posts: n/a
Default

This car thing has been debated to death over the years. In short, if you need to keep calculating & discussing the situation, it likely means you can't afford.
Reply With Quote
Reply

Bookmarks

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Income versus Expenses: How Are We Faring? admin Income and Jobs 0 13-10-2015 10:27 AM
Household expenses djt Income and Jobs 19 18-10-2014 10:49 AM
UNISIM Alumni thread Gradsoon Income and Jobs 3 25-02-2014 04:38 AM
Compare Your Household Income Salary.sg Income and Jobs 107 08-07-2013 11:19 AM
Compare your household income admin Income and Jobs 5 11-03-2013 09:51 PM

» 30 Recent Threads
Career as Teacher ( 1 2 3... Last Page)
10,860 Replies, 6,674,102 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
15,328 Replies, 4,986,029 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
1,051 Replies, 440,953 Views
Roles in accenture singapore ( 1 2 3... Last Page)
7,386 Replies, 2,325,433 Views
Civil Service Current Estimated... ( 1 2 3... Last Page)
172 Replies, 309,830 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
681 Replies, 389,212 Views
Compare civil service salary ( 1 2 3... Last Page)
16,346 Replies, 12,459,521 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,807 Replies, 1,045,892 Views
GovTech ( 1 2 3... Last Page)
5,164 Replies, 2,165,492 Views
UOB Management Associate Program ( 1 2 3... Last Page)
1,459 Replies, 785,139 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,331 Replies, 1,142,787 Views
ITE Polytechnic Scheme ( 1 2 3... Last Page)
311 Replies, 369,650 Views
Why Is Having a Google Virtual...
1 Replies, 6,803 Views
How is life as a doctor in... ( 1 2 3... Last Page)
7,240 Replies, 3,400,402 Views
JP Morgan ( 1 2 3... Last Page)
199 Replies, 173,558 Views
Mining Industry ( 1 2 3... Last Page)
80 Replies, 74,568 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
5,340 Replies, 4,773,771 Views
Lawyer Salary ( 1 2 3... Last Page)
21,015 Replies, 10,332,584 Views
ST Electronics ( 1 2 3... Last Page)
3,768 Replies, 1,545,723 Views
Is getting a PMP worth it ?
4 Replies, 7,186 Views
Visa Graduate Development Program ( 1 2 3... Last Page)
207 Replies, 134,770 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,922 Replies, 2,903,825 Views
Nparks ( 1 2 3... Last Page)
39 Replies, 34,449 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
5,828 Replies, 4,658,065 Views
Constituency Manager (People... ( 1 2 3... Last Page)
989 Replies, 814,117 Views
Julius Baer Graduate Program 2023 ( 1 2 3)
21 Replies, 14,860 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
752 Replies, 359,045 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,464 Replies, 1,376,037 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,260 Replies, 614,048 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
6,123 Replies, 3,740,069 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 09:12 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2